Dow Drops Below 30,000 in Early Trading
New York, NY….The Dow Jones index dropped below 30,000 this morning. This was a tough phycological barrier to drop through for the market.
Markets Off Sharply to Start the Week as Recession Chatter Heats Up
New York, NY….The Dow, SP 500 & Nasdaq are all off sharply to start the week. Let’s hope they can right the ship a bit before the close…
Inflation Roars on in May at 8.6% Rate. News Rattles Markets
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.6 percent before seasonal adjustment. The increase was broad-based, with the […]
Governor Newsom Visited Astra, Highlighted California’s Investments in Innovation
Alameda, CA…Governor Gavin Newsom early last week visited Astra Space, Inc. (Astra) in Alameda to highlight the economic and technological advancements California is supporting in partnership with space companies. “Companies like Astra demonstrate the best of California – driving towards ambitious, innovative goals and leaning into the rich talent that is so abundant in our […]
Dow Down Over 1,000 Points Intraday
New York, NY…Dow Down Over 1,000 Points Intraday. Can it stage a comeback before close today? Maybe but with even Walmart etc reporting softer numbers due to inflation isn’t helping investor confidence.
Rate of Inflation Slows, Still Climbed 0.3% in Urban Areas, Impact Worse in Rural Areas. Inflation at 8.3% Annually
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment. Increases in the indexes for shelter, […]
PG&E and California Fire Foundation Join Forces to Bolster Wildfire Safety and Preparedness & Applications Being Accepted for Fire Safety, Public Education Grants
Sacramento, CA…Pacific Gas and Electric Company (PG&E) and The PG&E Corporation Foundation (Foundation) are continuing their partnership with the California Fire Foundation to (CFF) increase wildfire safety and preparedness. PG&E and The Foundation are providing $1.4 million, in aggregate, to CFF’s Wildfire Safety and Preparedness Program (WSPP). Now in its fifth year, the program’s objective […]
The US Economy Adds Another 428,000 Jobs in April
Washington, DC…Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The […]
Federal Reserve Raises Interest Rates Another 50 Basis Points
Washington, DC…Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion […]
US Economy Shrinks by 1.4% in Gross Domestic Product, First Quarter 2022 Estimate
Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent. The GDP estimate released today is based on source data that are […]